My Way News - White House threatens veto of foreclosure rescue: "WASHINGTON (AP) - A broad bipartisan coalition supporting a massive foreclosure rescue beat back GOP efforts to gut it Thursday, defying a White House veto threat and quashing a bid to make it victim to revelations about two senators' VIP mortgages. Administration officials said they oppose the inclusion of $4 billion in the measure to help states buy and rehabilitate foreclosed properties, and a plan to have government-sponsored mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) pay for the rescue. They announced those and other objections as two GOP senators said they would try to block the package until a committee can investigate how much Countrywide Financial Corp. (CFC) and other lenders stand to gain from it."
----------------
I don't know why, but for some reason whenever I see the words "broad bipartisan coalition" my skin crawls and I reach back to see if my wallet is still there.
No comments:
Post a Comment